Euro/US Dollarآ آ آ آ


EURUSDآ آ (1.2009آ @آ 22:50 GMT)
We remain bearish on this pair when taking a look at the weekly chart, but EURUSD's inability to break through 61% retracement 1.3670-1.0760 at 1.1870 which is also the low in 05 keeps the pair in the recent tight range. We will continue to sell this pair as long as 1.2210 wave resistance remain intact. Also placing orders around the 1.1860-65 level to sell is a good way to catch the possible breakout.آ [font='trebuchet ms', arial, sans-serif]Resist.1.22751.21641.20941.20091.19841.19421.1831Support
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British Pound/US Dollarآ آ آ آ


GBPUSDآ آ (1.7522آ @آ 22:50 GMT)
Cable fell short of a test of 1.7810 key resistance and dropped more than 200 points by the close of the US session. Various tech indicators remain bearish on both daily and weekly charts and with the clear rejection today, a test of the recent lows at 1.7390 looks to be in the making and then 1.7310. Only a break 1.7810 would change the present view.آ [font='trebuchet ms', arial, sans-serif]Resist.1.80121.78061.76741.75221.74681.73941.7188Support
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US Dollar/Japanese Yenآ آ آ آ


USDJPYآ آ (115.11آ @آ 22:50 GMT)
USDJPY looks very interesting around 115.00. The pair was able to recover from 113.75 area which suggests a retest of 115.09, but key to more upside is if today's close is above 115.00 which would suggest much more upside, which could take us as high as 120.00. But if the pair remains unable to stay above 115.00 which would call for some exhaustion and a possible test of 113.00, but for now we stay with the bullish view.آ [font='trebuchet ms', arial, sans-serif]Resist.116.99115.77115.34115.11114.12113.32112.10Support
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